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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Manufacturing properties
31 Spruce St Elizabethtown, PA 17022-1958
Entity Owned
5-yr Hold
Free & Clear
Property ID
US73-0081495
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,775 SF
Lot
0.73 ac (31,799 SF)
Zoning code
R1
APN
250-92698-0-0000
UPID
US73-0081495
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$550k
Owner & transaction history
Cbh Group III LLC · 5 yrs held
Cbh Group III LLC
since 2021
Last sale
$450,000
4 recorded transactions
Zoning & alternative use
R1 · Elizabethtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
4 Conditional Uses. § 505 Accessory Uses. § 506 Height Regulations. § 507 Lot Area, Lot Width and Impervious Coverage Regulations. § 508 Setback Regulations. § 509 Off-Street Parking/Access and Loading/Unloading. Part 6 R-1 LOW-DENSITY RESIDENTIAL DISTRICT § 601 Intended Purpose. § 602 Permitted Uses. § 603 Special Exceptions. § 604 Conditional Uses. § 605 A…
Zone name
Residential
General category
RESIDENTIAL
Zone area
661.10 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Elizabethtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabethtown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$545,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $450k (Mar 8 2021)
Last sale anchor
$450k
Mar 8 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$47 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,620
Tax year 2024
Assessed value
$520,700
Assessed 2024
Previous assessed
$520,700
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$104,100
Assessed improvement
$416,600
Land market value
$104,100
Improvement market value
$416,600
Total market value
$520,700
Applied tax rate
250.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GRAVITY
Stories
2
Total area
11,775 SF
Lot
0.73 ac (31,799 SF)
Zoning code
R1
APN
250-92698-0-0000
UPID
US73-0081495
Jurisdiction
LANCASTER
Zoning & alternative use
R1 · Elizabethtown, PAZoning R1 · permitted uses
R1 · Elizabethtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
4 Conditional Uses. § 505 Accessory Uses. § 506 Height Regulations. § 507 Lot Area, Lot Width and Impervious Coverage Regulations. § 508 Setback Regulations. § 509 Off-Street Parking/Access and Loading/Unloading. Part 6 R-1 LOW-DENSITY RESIDENTIAL DISTRICT § 601 Intended Purpose. § 602 Permitted Uses. § 603 Special Exceptions. § 604 Conditional Uses. § 605 Accessory Uses. § 606 Height Regulations. § 607 Lot Area, Lot Width and Impervious C
Zone name
Residential
General category
RESIDENTIAL
Zone area
661.10 ac
Building & site characteristics
From public records
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GRAVITY
Stories
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
Cbh Group III LLC
Entity
Free & Clear · 5 yrs held
Mailing address
134 W MAIN ST, LEOLA, PA 17540-1799
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2021
—
Cbh Group III LLC
Cbh Group III LLC
Intrafamily Transfer
related
—
Jan 5, 2021
$450,000
Cbh Group III LLC
Datra LLC
Grant Deed
$400,000 · Datra LLC
Feb 11, 2011
$175,000
Datra LLC
Quigley Manufacturing INC
Grant Deed
—
Oct 7, 2004
$232,745
Quigley Manufacturing INC
Joel INC
Grant Deed
$3,000,000 · Pnc Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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